The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 According to The Business Research Company’s report on Coronary Artery Disease, the global market is projected to increase from $23.85 billion in 2022 to $26.30 billion in 2023, with a 10.3% CAGR. By 2027, the market size is estimated to reach $38.27 billion, growing at a 9.8% CAGR.

What was the major driver in the coronary artery disease market?
The increasing prevalence of coronary artery disease is set to drive the coronary artery disease market in the future. Coronary artery disease (CAD) involves the narrowing or blockage of coronary arteries that supply blood to the heart muscle. Factors contributing to the rising CAD cases include dietary changes, stress, sedentary lifestyles, obesity, aging, and others. Treatment for CAD involves medications like clopidogrel, ticagrelor, warfarin, and heparin, as well as procedures such as coronary artery bypass grafting, angioplasty, and stenting. For example, according to a 2020 report by the US-based National Center for Health Statistics, the percentage of coronary heart disease among adults aged 18 and over in the United States increased from 4.6% in 2020 to 4.9% in 2021. Consequently, the growing prevalence of coronary artery disease is anticipated to boost the coronary artery disease market during the forecast period.

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What was the key trend in the coronary artery disease market?
Technological advancements are prominent trends in the coronary artery disease market. Leading companies in this sector prioritize the development of advanced solutions to bolster their market presence. For example, in June 2020, Spain-based medical device company iVascular S.L.U. introduced the Essential Pro, a new, dependable drug-coated balloon featuring hydrophilic coating technology on the distal shaft to minimize friction during navigation. This product offers improved safety, rapid deflation, enhanced usability, visibility, and trackability, and it effectively dilates stenosis in coronary arteries and bypass graft occlusions.

Which was the largest region in the coronary artery disease market?
North America was the largest region in the coronary artery disease market in 2022. The regions covered in coronary artery disease report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the coronary artery disease market prominent players?
Major players in the coronary artery disease market are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, GlaxoSmithKline plc, Gilead Sciences Inc., Amgen Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Hikma Pharmaceuticals plc, Amneal Pharmaceuticals Inc., Chiesi Farmaceutici S.p.A., Lupin Pharmaceuticals Inc., Wockhardt Ltd., Honya Medical Inc., Idorsia Pharmaceuticals Ltd., Cytokinetics Inc., Kowa Pharmaceuticals America Inc., Sinotau Pharmaceutical Group, HRV Global Life Sciences, Barr Pharmaceuticals Inc., AdvanceCor GmbH, and Deutsches Zentrum für Herz- Kreislauf-Forschung (DZHK) e.V.

Key coronary artery disease market segments
The global coronary artery disease market is segmented –
1) By Treatment: Medication, Surgery, Additional Therapy, Other Treatments
2) By Diagnosis: Electrocardiogram, Echocardiogram, Stress Test, Cardiac Catheterization, Heart CT Scan, Other Diagnosis
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Channels
4) By End-User: Hospitals, Specialty Clinics, Other End-Users

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The Coronary Artery Disease Global Market Report 2023  provides a comprehensive overview on the coronary artery disease market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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